Election Outcome to Impact Indian Equities: Expert Insights
Brokerage PhillipCapital predicts a sharp rally in equities if the BJP wins 325+ seats
Indian EquitiesElection OutcomeBjpNdaPhillipcapitalBrokerageInvestment AdviceCyclicalsConsumer SpaceSectorsReal EstateMetalsCementEnergyFinancialsReal EstateMay 29, 2024
The brokerage advises investors to buy equities on steep correction, assuming a stable alliance for the next five years under the leadership of Modi. PhillipCapital remains positive on sectors like automation, EVs, defence, railways, logistics, ports, roads, real estate, metals, cement, energy, and financials. The brokerage favors cyclicals over consumer space from a long-term and structural perspective.
Among its top picks, PhillipCapital recommends SBI, BOB, Canara Bk, PFC, REC, Shriram Finance, Muthoot Finance, UltraTech, Siemens, Hero MotoCorp, TVS Motor, Divi's Labs, Syngene, APL Apollo, Jindal SAW, IGL, Aarti Industries, Vinati Organics, Praj, Gokaldas Export (NR), and SP Apparel (NR) from a one-year perspective. For a 2-3 year perspective, the brokerage suggests HDFC Bank, ICICI Bank, SBI, Kotak Bank, Bajaj Finance, Sundaram Finance (NR), MAS Financial (NR), Infosys, HCL Tech, Persistent, KPIT Tech, Rategain, Reliance (NR), GAIL, Ambuja Cements, JK Cement, L&T, Bharti (NR), Sun Pharma, Divi's Labs, Syngene, Coal India (NR), JSW Steel, Jindal Stainless, Maruti, Bharat Forge, Ashok Leyland, Concor, NCC, PNC Infra, Gateway Distriparks, SRF, Aarti Industries, Navin Flourine, PI Industries, Coromandel, Dhanuka Agritech.
The brokerage notes that the voter turnout is not a significant concern, as the average voter turnout based on the simple average of turnout data released till phase 6 is lower at 65.5% vs 67.4% in the 2019 elections. However, for the same constituencies where voting is completed, based on the absolute voter turnout provided till phase 5, voter turnout is only marginally lower at 66.4% vs. 67.8% in 2019.
PhillipCapital is a leading brokerage firm that provides investment advice and research services to its clients. The firm's experts have a deep understanding of the Indian equities market and provide valuable insights to investors.
PhillipCapital is a well-established brokerage firm with a strong track record of providing accurate and timely investment advice to its clients. The firm's research team consists of experienced analysts who have a deep understanding of various sectors and industries.
Frequently Asked Questions
What is the predicted impact of the election outcome on Indian equities? A: A sharp rally in equities if the BJP wins 325+ seats and a sell-off in a bearish scenario Q: Which sectors is PhillipCapital positive on? A: Sectors like automation EVs defence railways logistics ports roads real estate metals cement energy and financials Q: What is the brokerage's advice to investors? A: Buy equities on steep correction assuming a stable alliance for the next five years under the leadership of Modi Q: What is the significance of voter turnout in this election? A: The voter turnout is not a significant concern as the average voter turnout is lower at 65 5% vs 67 4% in the 2019 elections Q: Who are the top picks of PhillipCapital from a one-year perspective? A: SBI BOB Canara Bk PFC REC Shriram Finance Muthoot Finance UltraTech Siemens Hero MotoCorp TVS Motor Divi's Labs Syngene APL Apollo Jindal SAW IGL Aarti Industries Vinati Organics Praj Gokaldas Export (NR) and SP Apparel (NR)
Answer not available
Tags:
Related News Articles
Freehold Properties in PCNTDA: Maharashtra Minister Assures Relief to 5 Lakh Citizens
Freehold properties in PCNTDA area may soon get a reprieve as Maharashtra Minister Uday Samant promises to take action, bringing relief to over 5 lakh citizens.
Luxury Rentals in Mumbai: Karan Johar's Duplex Deal in Pali Hill Sets the Tone
Mumbai's luxury rental market continues to thrive, driven by high demand and limited supply, with areas like Pali Hill, Bandra, and Worli being the most sought-after
Navigating Tough Decisions: Reviving Mega Projects, Tackling Financial and Water Crises
The new administration will face significant challenges, including reviving stalled mega projects and addressing financial and water crises. Fadnavis must make tough decisions to bring financial discipline and restore market confidence.
Markets in Chaos: Understanding the Downturn and Sectors to Watch
Business news, Market Downturn, Stock Market Analysis, Investment Tips, Real Estate, Stocks, Auto, World, Education, Jobs, Lifestyle
₹122-Crore Scam Rocking New India Co-op Bank: EOW Intensifies Investigation
The Economic Offences Wing (EOW) of the Mumbai Police is intensifying its probe into the ₹122-crore scam at the New India Co-operative Bank, with a particular focus on the properties of the Bhanu couple. The investigation is uncovering new layers of finan
Rustomjee Launches Luxury Gated Community in Dombivli
Rustomjee Developers has launched a premium gated community in Dombivli, offering a blend of luxury and value in the heart of the Mumbai Metropolitan Region (MMR). This new development is set to redefine living standards in the area.